Venezuela's interim president, Delcy Rodríguez, announced a minimum wage increase to $240 for both the public and private sectors.
She also announced an increase in the monthly pension payment, which will now be $70.
https://twitter.com/ElUniversal/status/2049945932368941308
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salary increase
Venezuela’s interim president announces salary increase on May 1st
This Wednesday, April 8th, Venezuela's interim president, Delcy Rodríguez, announced a salary increase effective May 1st, International Workers' Day.
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Workers will get a 5 % salary increase in Spain during 2026
Salaries in Spain will rise by around 5 % in 2026, according to projections published by Randstad Research, Randstad's research center.
According to the study, the projections are based on data on compensation in eight geographic…
Approval of the Pension Law keeps the private sector on alert
With the approval of the Pension Law by the National Assembly of Venezuela, private companies are analyzing whether the new fee they must contribute will disrupt the possible salary increases planned for this year.
The new Pension Law came…
Banco Bicentenario will become the first digital bank in Venezuela
The president of Venezuela, Nicolás Maduro, announced this May 1 that he will hand over the Banco Bicentenario to the workers, which will also become the first digital entity in the history of the country.
In this regard, Maduro indicated:…
Salary increase in May could be through bonuses
Venezuela's labor sector remains waiting for the salary increase on May 1. In this regard, economist Asdrúbal Oliveros, director of Ecoanalítica, declared this Wednesday that this could happen through bonuses.
He indicated that in the…
Uruguay will increase workers’ salaries on January 1, 2024
At the end of this year, good news appears for the workers of Uruguay, where the Ministry of Labor announced an increase in the minimum wage starting January 1, 2024 of 5.5 %.
According to the announcement this week by Minister Pablo…
Minimum wage in Brazil will have a permanent increase
Brazil will guarantee the permanent increase in the minimum wage starting in 2024 according to the new law sanctioned this Monday by President Luiz Inácio Lula da Silva.
The law, which was previously approved by Congress, also establishes…
Chileans will have salary increase in May
The Government of Chile, through the Ministry of Labor and Social Welfare and the Ministry of Finance, has reached an agreement with the Workers Central Union (CUT in Spanish) of Chile, the largest trade union organization in the country,…
ECB forecasts “very strong” growth in wages in coming quarters
Wage growth in the coming quarters will be "very strong" compared to historical patterns in the eurozone, according to economists from the European Central Bank (ECB) in an article in the latest bulletin of the institution. In the document,…
Published in Official Gazette Venezuelan wage increase
This week Official Gazette No. 6,691 was published, which establishes the validity of the minimum wage as of March 15, 2022.
According to part of the text, specifically in article 1, "the mandatory monthly national minimum wage is…
Venezuelan government announces minimum wage increase
On May 1st, the Venezuelan government announced the increase in the minimum wage to a total of 10 million bolivares, as announced by the Minister of Labor, Eduardo Piñate.
On the eve of the celebration of Labor Day, Piñate assured that "as…